XAUUSD: Consolidates gains near $2,180
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Regarding the factors impacting XAUUSD: Gold is still in a consolidation phase around $2,180 on Monday after reaching a new record high of $2,195 before the weekend. The 10-year US Treasury bond yield remains stable below 4.1%, limiting the volatility of XAU/USD.
Regarding the new outlook for XAUUSD: On the 1-hour chart, XAUUSD is currently receiving strong support around $2,175. Breaking below this level may prioritize short-selling orders. On the other hand, breaking above the resistance level of $2,189 may prioritize light buying.
Regarding the factors impacting XAUUSD: Gold is still in a consolidation phase around $2,180 on Monday after reaching a new record high of $2,195 before the weekend. The 10-year US Treasury bond yield remains stable below 4.1%, limiting the volatility of XAU/USD.
Regarding the new outlook for XAUUSD: On the 1-hour chart, XAUUSD is currently receiving strong support around $2,175. Breaking below this level may prioritize short-selling orders. On the other hand, breaking above the resistance level of $2,189 may prioritize light buying.
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